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Broker price opinion form 2025

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The document is a comprehensive survey of state laws regarding the permissibility and use of broker price opinions (BPOs) across the fifty states and the District of Columbia as of July 2012. It outlines how various states regulate BPOs, often allowing real estate brokers to provide these opinions without requiring appraiser licensing, particularly in contexts related to loan delinquency and portfolio analysis. The document highlights that while many states have enacted laws permitting BPOs, some pre-date the financial crisis and may lack clarity on their application in current financial contexts. Additionally, it notes that certain states have amended their laws post-crisis to align with federal regulations, specifically regarding lienholders.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How much does a broker price opinion cost?

Appraisals generally cost anywhere from $300 $450 (for single-family homes) and up to $600 (for multifamily homes). The average price of a BPO can range from $50 $300, though prices vary by location.

How to write a broker price opinion letter?

The letter should include the following information: The address of the property The date of the opinion The legal description of the property The property type An explanation of the market conditions An estimate of the propertys current market value An explanation of the methodology used to arrive at

How to get a broker price opinion?

To fill out a Broker Price Opinion, the broker should collect relevant data about the property, including its physical condition, comparable property sales, and current market trends. This information is then compiled into a standardized report format that details the estimated value and supporting rationale.

How do I order a broker price opinion?

A broker price opinion (BPO) is a subjective valuation of a property, made by a licensed broker, as it pertains to a potential purchase, sale or lease[i]. To provide a valid BPO in California, the broker must be a licensed broker making the valuation within the ordinary course of the brokers business[ii].

Who generally writes a brokers price opinion?

How to get a broker price opinion. The easiest way to get a BPO is by asking your own Realtor or real estate agent to assess the homes value. However, you can also use most real estate agents in your area. You may also want to consider searching the National Association of BPO Professionals directory instead.

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